Sports Club of Richmond

Analysis

Sports Club of Richmond is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sports Club of Richmond reported income of $61k and spending of $65k, spending 107% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $25k to $61k (+145%), an average of +57% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sports Club of Richmond sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Greensboro Lady Gaters Basketball Association Inc ($61k), Rochelle Little League Inc ($61k) and Haese Academy Incorporated ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.